Document Type

Preprint

Publication Date

12-1-2021

Journal / Book Title

Journal of Mathematical Economics

Abstract

We propose generalized versions of strong equity and Pigou–Dalton transfer principle. We study the existence and the real-valued representation of social welfare relations satisfying these two generalized equity principles. Our results characterize the restrictions on one period utility domains for the equitable social welfare relations (i) to exist; and (ii) to admit real-valued representations.

DOI

10.1016/j.jmateco.2021.102542

Published Citation

Dubey, Ram Sewak and Laguzzi, Giorgio, Equitable Preference Relations on Infinite Utility Streams (November 11, 2020). Available at SSRN: https://ssrn.com/abstract=3729071 or http://dx.doi.org/10.2139/ssrn.3729071

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